Since January 2023, the number of tether stablecoins in circulation has increased from 66 billion to the current 80.9 billion, representing more than 22% growth this year. Tether’s growth is approaching the all-time high of $83 billion stablecoins in circulation that the project reached almost a year ago, in May 2022. Tether Supply Nearing an […]
Launched in July 2017, Binance is the largest cryptocurrency exchange globally by daily trading volume. Binance aims to bring cryptocurrency exchanges to the forefront of financial activity globally. The idea behind the name Binance is to represent this new paradigm in global finance which is Binary Finance, or Binance. Apart from being the largest cryptocurrency […]
A former employee of investment bank Deutsche Bank has been charged in an indictment that opened on Tuesday, April 11, 2023 with misappropriating funds from investors he lured with promises of huge profits from cryptocurrency trading. Rashawn Russell, 27, of Brooklyn, solicited investments from friends and colleagues but used the funds for gambling and other […]
The Indonesian Crypto Asset Traders Association (Aspakrindo) revealed that there was a complaint by a farmer who sold his buffalo and rice fields to buy artist tokens. The farmer is now bearing a big loss because the price of the token he bought has plummeted. Reported by detikFinance, the trend of the presence of local […]
Artificial intelligence tool ChatGPT seems to have taken sides in the long-running debate over the respective value of gold over Bitcoin as a good investment. Financial commentator Peter Schiff praised the leading generative text engine for reportedly favoring gold. “AI is indeed quite intelligent,” he tweeted on Wednesday. “It does not recommend any allocation to […]
Not only Dogecoin (DOGE) has skyrocketed because of the news that Elon Musk changed the Twitter logo to a Doge image, according to Pintu market, there are 5 crypto assets that are also among the top movers up to 16% as of April 5, 2023. These crypto assets include Reserve Rights (RSR), Lido DAO (LDO), […]
The Commodity Futures Trading Regulatory Agency (Bappebti) has set a target of launching the Indonesian Crypto Asset Exchange in June 2023. How far has the process of setting up a crypto asset exchange gone so far? Head of CoFTRA, Didid Noordiatmoko, revealed that so far the process of establishing a crypto exchange is still on […]
According to a US court document, the FBI sold some of the confiscated cryptocurrencies earlier this month and managed to generate more than USD 215 million or the equivalent of IDR 3.2 trillion (assuming an exchange rate of IDR 14,995 per US dollar). The confiscated crypto in question comes from the Silk Road marketplace. Hacker […]
US policymakers continue to maintain a hawkish stance. The Federal Reserve has been raising interest rates month after month. Despite being in the midst of a banking crisis, the FED raised rates by 25 basis points last month. This brought the policy benchmark to the target range of 4.75% to 5%. One central bank official […]
In 2022, an investor in Dogecoin assets sued Twitter CEO, Elon Musk over the alleged ponzi coin endorsement case. In his complaint, Elon Musk was demanded to pay US$ 258 billion for causing losses to these investors. “The defendant was aware since 2019 that Dogecoin has no value but is promoting Dogecoin to profit from […]